James D. Dondero - 21 Feb 2022 Form 4 Insider Report for NexPoint Real Estate Finance, Inc. (NREF)

Role
President, Director, 10%+ Owner
Signature
/s/ Brian Mitts, as attorney-in-fact for James Dondero
Issuer symbol
NREF
Transactions as of
21 Feb 2022
Net transactions value
$0
Form type
4
Filing time
23 Feb 2022, 17:59:59 UTC
Previous filing
22 Feb 2022
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NREF Common Stock Options Exercise +15,839 +90% 33,397 22 Feb 2022 Direct F1
holding NREF Common Stock 5,694,670 21 Feb 2022 See Footnote F2
holding NREF Common Stock 763,485 21 Feb 2022 See Footnote F3
holding NREF Common Stock 168,669 21 Feb 2022 See Footnote F4, F5
holding NREF Common Stock 1,800 21 Feb 2022 See Footnote F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NREF Restricted Stock Units Award $0 +69,235 $0.000000 69,235 21 Feb 2022 Common Stock 69,235 Direct F1, F7
transaction NREF Restricted Stock Units Options Exercise $0 -15,839 -25% $0.000000 47,518 22 Feb 2022 Common Stock 15,839 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
F2 These securities are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of securities held by HCMFA. Mr. Dondero disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 These securities are held by NexPoint Advisors, L.P. ("NP") indirectly through advised accounts. Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of securities held by NP. Mr. Dondero disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F4 Includes shares acquired under dividend reinvestment plan.
F5 These securities are held by a trust, of which Mr. Dondero is the beneficiary. Mr. Dondero disclaims beneficial ownership of such securities.
F6 These shares are held by a limited liability company in which the trust referenced in footnote 5 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.
F7 On February 21, 2022, the reporting person was granted 69,235 restricted stock units. The restricted stock units will vest one-fourth on February 21, 2023, one-fourth on February 21, 2024, one-fourth on February 21, 2025, and one-fourth on February 21, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F8 On February 22, 2021, the reporting person was granted 63,357 restricted stock units. The restricted stock units vested one-fourth on February 22, 2022, and will vest one-fourth on February 22, 2023, one-fourth on February 22, 2024 and one-fourth on February 22, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.